I found this at WOL http://mb.winneronline.com/showthread.html?p=121325#post121325
888 CEO John Anderson said in an interview with the ‘Financial Times,’ that the company was looking closely at two possible acquisitions. Tali Tsipori 14 May 06 18:42
One of the unwritten rules in the stock market is that when the lockup period following a company’s IPO is over, the insiders parties will try to sell off some of their holdings on the market, especially when the stock is cruising towards record levels. Four senior managers at 888 Holding plc (LSE:888) have chosen to stick to this rule. 888 became a public company in the UK at the end of September 2005. The lockup period ended at the end of March. From this point onward, up to the posting by 888 of its financial results on June 30, insiders parties can buy or sell 888 stock. The four managers who chose to convert some of their 888 stock to cash are executive VP e-payments Jordan Rosenberg; executive VP product development Zvi Alon; executive VP marketing Michael Palmon and COO Gibraltar Eran Gonen. Last Wednesday, all four converted stock for a total of ‘2 million ($3.8 million), at a price of ‘2.33 a share. The combined stock sale amounts to 0.28% of the company. 888 stock lost 8.3% in the last three days and is currently trading at ‘2.15, reflecting a market cap of $1.37 billion. The four men owned stock rather than options, and therefore, the proceeds from the share are net.
888 lost 6.8% on Friday alone. One of the causes of this could well have been the comments made by CEO John Anderson about the company’s preliminary results for the first quarter of 2006, in an interview with the ‘Financial Times.’ ‘The exponential rates that we have just seen can’t keep going. If it keeps going no one else in the world will be working -we’ll all be playing online poker,’ he said.
Anderson concluded by saying that 888 was continuing its efforts to buy an online bookmaker. ‘We’re looking at it very closely. There are a couple of things we’re looking at,’ he said.
source : globes.co.il
Hmmmmmm….. interesting!